Harry Chi, a young visionary entrepreneur, has succeeded in creating Motion. This project revolutionizes the productivity of SMEs in Ukraine with intelligent agents. The contemporary challenges of management and efficiency within these businesses require innovative solutions. The emergence of artificial intelligence (AI integrated into SMEs) offers a relevant response to these issues.
Motion combines ease of use and power, transforming daily tasks into optimized processes. Intelligent virtual assistants, designed to meet specific needs, become essential in a highly competitive environment. By offering this advanced technology, Chi promotes a model focused on collaborative efficiency, propelling SMEs towards excellence.
The entrepreneurial journey of Harry Chi
At only 23 years old, Harry Chi was already generating an annual revenue of nearly one million dollars. His experience as a quantitative analyst in a hedge fund prepared him to make decisions based on statistical models. This success, while impressive, did not spare him from a certain form of burnout and a deep desire for significant impact on the world.
Birth of Motion and adventure with Y Combinator
In 2019, Harry Chi joined forces with his classmates, Omid Ruoholfada and Ethan Yu, to launch a calendar and task management application powered by artificial intelligence. Their application to Y Combinator in 2020 was successful, and they quickly left their jobs to found Motion. Chander Ramesh later joined the team as a co-founder.
Rapid development and commercial success
In six years, Motion has managed to build a solid customer base primarily in the beneficial sector of SMEs. Last May, the company introduced a suite of integrated AI agents dedicated to small and medium-sized enterprises. Demand exploded with over ten thousand B2B customers in just a few months, propelling the annual recurring revenue to $10 million.
Funding and valuation
The success of Motion led to a $38 million Series C funding round, led by Stacey Bishop of Scale Venture Partners. This growth phase has resulted in a pre-Series C2 funding round, putting the post-money valuation at around $550 million. To date, the company has raised over $75 million in investments from various renowned players such as HOF Capital and Valor Equity Partners.
Motion’s offerings and their impact
Motion focuses on small and medium-sized enterprises that cannot afford to create their own AI agents. Motion’s strength lies in the integration of different agent functions within a unified system. The proposed package includes an executive assistant to automate tasks such as scheduling and email management, as well as a sales agent and customer service representative.
Motion’s agents are designed to integrate with popular tools such as Slack, Google Apps, and Salesforce. This ” pay-as-you-go ” model allows users to choose a base package with credits, evolving according to their needs. Prices range from $29 per month for limited access to $600 for full access.
Vision of sustainable growth
Harry Chi aspires to build a company with sustainable value, similar to Microsoft. Despite the challenges and stress inherent in the ever-evolving AI industry, he is committed to maintaining a close relationship with his clients. Every day, positive feedback reaches him indicating how Motion facilitates their daily lives and enhances their productivity.
“What motivates you is knowing that you have created something useful,” says Chi. His vision involves every user having powerful assistants at their disposal, interacting harmoniously within a single interface.
User FAQ
What is Motion and how does it help SMEs in Ukraine?
Motion is a calendar and task management application powered by artificial intelligence, designed to automate administrative tasks. It allows SMEs in Ukraine to save time and improve productivity through features such as an executive assistant, a sales agent, and integrated customer support.
Who founded Motion and what is their background?
Motion was founded by Harry Chi, Omid Ruoholfada, Ethan Yu, and Chander Ramesh. Harry Chi, having already achieved financial success as a quantitative analyst, decided to create Motion to make a greater difference in the business world.
How did Motion manage to attract over 10,000 B2B clients in such a short time?
The success of Motion lies in its needs-based approach to SMEs. By offering an integrated solution with AI agents capable of interacting with various professional tools, the company quickly captured a large audience, attracting interest from small and medium-sized enterprises that cannot afford to develop their own agents.
What types of agents are included in the Motion package?
The Motion package includes an executive assistant, a sales agent, a customer support representative, and an assistant for writing blogs and social media posts. These agents work together to enhance user efficiency.
How does Motion’s pricing model work?
Motion operates on a pay-as-you-go model, with base packages that include credits, and additional credits available based on the number of agents required. Prices start at $29 per month for a license.
How is Motion different from other productivity solutions available on the market?
The strength of Motion lies in the integration of all agent functions into a single system, unlike other tools that may require multiple applications. This allows for a smooth and seamless user experience for SMEs.
What impact does Harry Chi hope to have with Motion?
Harry Chi aspires to create a sustainable business that truly improves users’ lives through AI agents. His goal is to provide each user with powerful assistants that make their workdays more productive.
Why would Harry Chi not return to his former job?
Harry Chi prefers working on Motion because he feels fulfilled knowing he is creating something truly useful. He values the relationships he has with his clients and the positive feedback he receives every day regarding the impact of Motion on their work.
